Theodore's Has Common Stock Outstanding at a Price of $26

question 32

Multiple Choice

Theodore's has common stock outstanding at a price of $26 a share. The total market value of the equity is $429,000. How many shares of stock will be outstanding if the firm does a 2-for-5 reverse stock split?

• A) 41,250 shares
• B) 36,000 shares
• C) 6,600 shares
• D) 7,500 shares
• E) 16,500 shares

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Definitions:

Major Patterns

Significantly recurring themes or trends in social, natural, or abstract systems.

Symbolic Interactionism

A sociological perspective focusing on how individuals interpret and give meaning to their social world through symbols and interactions.

Subjective Meanings

The personal or individual interpretations and perceptions of reality, which can differ significantly from one person to another.

Class Conflict

The struggle between classes to resist and overcome the opposition of other classes.